📈 Inflation will affect everyone: tariff update
Tariff rates in the USA have reached 18.6% — the highest since 1933. Prices are already accelerating: metal and agricultural products +40%, clothing +36%, electronics +17%, cars +12%. Even in the long term, growth will remain at +20%.
🔍 What’s the problem?
Tariffs act like a "tax on inflation": businesses and consumers within the USA are paying more, while the market is losing momentum. This is exactly what Powell fears: his task is to reduce inflation, but Trump's tariffs are fueling it. On Friday he will give a speech, and the market is waiting to see how harshly he will react to this imbalance.
💭 Why is this important for us?
Inflation in the USA will not be contained within the country: it will be "exported" through prices on raw materials, food, and industrial goods. For us, this is not only an indicator of the American economy but also a guideline for what is likely to become more expensive here as well.